Fidelity Total Bond ETF $FBND Stock Holdings Lifted by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 234.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 26,796 shares of the company’s stock after buying an additional 18,777 shares during the period. Pasadena Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $1,222,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FBND. Morgan Stanley raised its stake in Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Total Bond ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after acquiring an additional 3,390,440 shares during the period. Align Financial LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $141,726,000. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 30.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after purchasing an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.82 on Monday. The business’s 50 day simple moving average is $45.58 and its 200-day simple moving average is $45.92. The stock has a market capitalization of $25.67 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86.

Fidelity Total Bond ETF Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.